VOTORANTIM

Votorantim Cement North America Inc. and Votorantim Cimentos SA are acting as guarantors. Proceeds are going to fund a tender and for general corporate purposes. Bookrunners are Banco Votorantim, Bank of America Merrill Lynch, Citigroup, HSBC, JP Morgan and Santander.

AES PANAMA

AES Panama has announced a US$75m tap of its 6% 2022 bonds ahead of pricing on Wednesday. The deal is being sole lead by Deutsche Bank. The existing bonds have a US$300m outstanding size, according to Thomson Reuters data. The company carries long-term foreign currency ratings of BB-/BB+ by S&P and Fitch.

IPTs - 5.10% area

LAUNCH: US$75m tap of 6% 2022s at 5.10%

PRICED: US$75m tap of 6% 2022s: 103.726; 5.10%YTW

REPUBLIC OF PERU

The Republic of Peru announced a benchmark local currency 12-year bond. The bond, which is being sold to foreign investors, is part of a liability management transaction to exchange or tender for outstanding sol and US dollar denominated bonds.

BBVA, Bank of America Merrill Lynch and HSBC are leads on the transaction. The country's foreign-currency ratings are A3/BBB+/BBB+, while its local currency ratings are A3/A-/A-.

IPTs: 6.625% area

PRICE GUIDANCE: 6.375%, the number

LAUNCH: 806.826m sol (US$239.24m) 12-year at 6.375%

PRICED: 806.826m (US$239.24m) 12-yr: 99.851; 6.35%C; 6.375%Y

PIPELINE:

Mexican development bank Nafin wrapped up roadshows Wednesday, as it looks to market a potential US dollar bond through Bank of America Merrill Lynch and HSBC. The issuer is rated A3/BBB+/BBB+.

Mexican retailer Liverpool wrapped up roadshows on Wednesday to market a 10-year bond to international investors.

Citigroup, Credit Suisse and JP Morgan have been mandated on the deal.